New York Community Bancorp, Inc. (NYSE:NYCB) Shares Sold by Amalgamated Bank

Amalgamated Bank trimmed its holdings in shares of New York Community Bancorp, Inc. (NYSE:NYCB) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 451,445 shares of the financial services provider’s stock after selling 12,750 shares during the period. Amalgamated Bank owned approximately 0.06% of New York Community Bancorp worth $4,618,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NYCB. Commonwealth Equity Services LLC grew its stake in shares of New York Community Bancorp by 10.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 311,898 shares of the financial services provider’s stock worth $3,537,000 after purchasing an additional 29,426 shares during the period. Raymond James & Associates raised its position in New York Community Bancorp by 6.9% during the third quarter. Raymond James & Associates now owns 877,182 shares of the financial services provider’s stock worth $9,947,000 after acquiring an additional 56,390 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in New York Community Bancorp by 17.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 393,487 shares of the financial services provider’s stock valued at $4,462,000 after purchasing an additional 57,159 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of New York Community Bancorp by 22.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 141,153 shares of the financial services provider’s stock valued at $1,601,000 after purchasing an additional 25,788 shares during the period. Finally, Strs Ohio raised its position in shares of New York Community Bancorp by 15.2% during the 3rd quarter. Strs Ohio now owns 151,997 shares of the financial services provider’s stock worth $1,723,000 after purchasing an additional 20,040 shares during the last quarter. 67.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other New York Community Bancorp news, Director Marshall Lux acquired 27,100 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were acquired at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the acquisition, the director now owns 64,872 shares in the company, valued at approximately $239,377.68. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Alessandro Dinello purchased 50,000 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were purchased at an average price of $4.19 per share, with a total value of $209,500.00. Following the completion of the acquisition, the chairman now directly owns 114,305 shares in the company, valued at approximately $478,937.95. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Marshall Lux bought 27,100 shares of the stock in a transaction on Thursday, March 21st. The stock was bought at an average price of $3.69 per share, for a total transaction of $99,999.00. Following the completion of the purchase, the director now directly owns 64,872 shares in the company, valued at approximately $239,377.68. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 213,410 shares of company stock worth $875,626. Corporate insiders own 1.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on NYCB. Bank of America lowered New York Community Bancorp from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $8.50 to $5.00 in a research note on Wednesday, February 7th. TheStreet lowered shares of New York Community Bancorp from a “b-” rating to a “c+” rating in a report on Monday, February 5th. JPMorgan Chase & Co. downgraded shares of New York Community Bancorp from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $11.50 to $5.50 in a research note on Wednesday, February 7th. Barclays initiated coverage on shares of New York Community Bancorp in a report on Friday, March 8th. They issued an “equal weight” rating and a $4.00 price objective for the company. Finally, Raymond James cut New York Community Bancorp from a “market perform” rating to an “underperform” rating and set a $3.00 target price on the stock. in a report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, New York Community Bancorp has a consensus rating of “Hold” and a consensus target price of $5.39.

New York Community Bancorp Stock Up 0.5 %

Shares of NYSE NYCB opened at $3.67 on Wednesday. New York Community Bancorp, Inc. has a 12-month low of $1.70 and a 12-month high of $14.22. The stock has a market cap of $2.93 billion, a P/E ratio of 367.00 and a beta of 0.95. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 2.70. The business’s fifty day simple moving average is $3.32 and its 200-day simple moving average is $6.88.

New York Community Bancorp (NYSE:NYCB) last posted its quarterly earnings results on Wednesday, May 1st. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.01. New York Community Bancorp had a return on equity of 2.78% and a net margin of 0.62%. The company had revenue of $633.00 million for the quarter, compared to analyst estimates of $776.81 million. During the same quarter last year, the company earned $0.23 EPS. New York Community Bancorp’s revenue for the quarter was down 76.1% compared to the same quarter last year. As a group, equities analysts predict that New York Community Bancorp, Inc. will post -0.34 EPS for the current fiscal year.

New York Community Bancorp Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, June 7th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, June 6th. This represents a $0.04 annualized dividend and a dividend yield of 1.09%. New York Community Bancorp’s dividend payout ratio (DPR) is currently 2,000.00%.

New York Community Bancorp Company Profile

New York Community Bancorp, Inc operates as the bank holding company for Flagstar Bank, N.A. that provides banking products and services in the United States. The company's deposit products include interest-bearing checking and money market, savings, non-interest-bearing, and retirement accounts, as well as certificates of deposit.